Net sales, net income, and total assets for Regal Clothing Emporium for a four-year period follow: Requirements

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Net sales, net income, and total assets for Regal Clothing Emporium for a four-year period follow:

Net sales, net income, and total assets for Regal Clothing

Requirements
1. Compute trend percentages for each item for 2009€“2012. Use 2009 as the base year.
2. Compute the return on assets for 2010€“2012, rounding to three decimal places.
3. Regal€™s main competitor had a return on assets of just under 12% for the years 2010 through 2012. How does Regal Clothing Emporium€™s return on assets compare with its maincompetitor?

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Financial Accounting

ISBN: 978-0133052152

2nd edition

Authors: Robert Kemp, Jeffrey Waybright

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